{"id":7513,"date":"2017-12-18T03:26:08","date_gmt":"2017-12-18T03:26:08","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/fgs-green-bond-tops-climate-change-financing-talks\/"},"modified":"2017-12-18T03:26:08","modified_gmt":"2017-12-18T03:26:08","slug":"fgs-green-bond-tops-climate-change-financing-talks","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/fgs-green-bond-tops-climate-change-financing-talks\/","title":{"rendered":"FG\u2019s green bond tops climate change financing talks"},"content":{"rendered":"

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The Deputy Director, Department of Climate Change of the Federal Ministry of Environment, Halima Bwari gave the charge at the Green Bond Investor\u2019s Forum organized by the Ministry, the Department of Debt Management (DMO) in Lagos at the weekend. <\/p>\n

Others at the forum also include; Pension Fund Administrators, banks, Not-For-Profit Environmental Organisations amongst others.<\/p>\n

Green bonds are used exclusively to fund projects that have specific environmental and Climate Change benefits. They are also debt instruments issued to raise capital to fund specific clean power projects or projects aimed at reducing climate change risk. <\/p>\n

Prospective investors must focus on projects that have climate credentials, which are also captured in the nations\u2019 budget. Such includes; Energy efficiency, resource efficiency, renewable energy<\/a>, clean technology and sustainable forest management.<\/p>\n

Currently Nigeria requires the sum of $142 billion to implement projects in the identified priority sectors, this, she noted could not be achieved without the engagement of the private sector adding that the green bond as the first in Africa and possibly second in the world, is an innovative source for implementing the NDC.<\/p>\n

According to her, the key requirements for the bond issuance include that the projects should be green in nature; costs should form part of the Medium Term Sector Strategies (MTSS) of selected MDA. <\/p>\n

Speaking further on the initiative, a senior officer from Chapel Hill Denham Advisory Limited, Muhammed Mamman Daura said the scope of the advisory assignment is to ensure that the Federal Government (FG) integrates periodic issuance of green bonds into its borrowing plan, ensure the Federal Government has adequate capacity to monitor the use of issuance proceeds and the development of projects consistent with the Green Bond guidelines. <\/p>\n

He added that the guidelines is also to provide support to the Federal Ministry of Environment in its implementation of the Green Bond guidelines to maintain a transparent and consistent process, coordinate capacity building across FG MDAs.<\/p>\n

The Director General of Debt Management office (DMO), Mrs. Patience Oniha in her remarks stressed that the essence of the bond is to show that the Federal Government of Nigeria has key into the 2015 PARIS Agreement, which it signed, and promote financial inclusion in the country.<\/p>\n<\/p><\/div>\n

Guardian <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

To meet up with the year 2030 target of Nigeria\u2019s Nationally Determined Contributions (NDC) in reducing … FG\u2019s green bond tops climate change financing talks<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":7514,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[519,1399,684,522,41,15282,15296],"class_list":["post-7513","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-africa","tag-development","tag-lagos","tag-nigeria","tag-property","tag-ross","tag-target"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/hot-climates.jpg?fit=1280%2C719&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":6830,"url":"https:\/\/amazingproperty.com.ng\/blog\/investors-eye-100b-climate-finance-fgs-ndc-projects\/","url_meta":{"origin":7513,"position":0},"title":"Investors eye $100b climate finance, FG\u2019s NDC projects","author":"Amazing Property","date":"October 30, 2017","format":false,"excerpt":"Director, Climate Change Department, Federal Ministry of Environment, Dr. Peter TarfaClimate specialists have flagged off Nigeria Climate Investment Initiative (NCCII) to bring both private and public sector on board to fast-track practical assistance to enable government finance its Nationally Determined Contributions (NDCs) in the country.\u00a0They want implementation of Paris Agreement,\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Peter Tarfa.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/Peter-Tarfa.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/Peter-Tarfa.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/Peter-Tarfa.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/Peter-Tarfa.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/Peter-Tarfa.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":6063,"url":"https:\/\/amazingproperty.com.ng\/blog\/environews-others-to-get-awards\/","url_meta":{"origin":7513,"position":1},"title":"EnviroNews, others to get awards","author":"Amazing Property","date":"September 4, 2017","format":false,"excerpt":"Goni Ahmed, Director-General of the Great Green Wall Agency An online environment and development magazine, EnviroNews Nigeria, along with several others organisations and individuals, will be honoured during the 8th Environment Outreach Magazine Public Lecture and Environment Awards ceremony in Calabar, the Cross River State capital. The \u201c2017 Environmental Awards\u201d\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"GONI-AHMED.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/09\/GONI-AHMED.jpg?fit=640%2C360&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/09\/GONI-AHMED.jpg?fit=640%2C360&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/09\/GONI-AHMED.jpg?fit=640%2C360&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":5065,"url":"https:\/\/amazingproperty.com.ng\/blog\/mixta-boosts-affordable-housing-with-n5-billion-liquidity\/","url_meta":{"origin":7513,"position":2},"title":"Mixta boosts affordable housing with N5 billion liquidity\u00a0","author":"Amazing Property","date":"June 26, 2017","format":false,"excerpt":"Head, Business Development and Retail Sales, Mixta Nigeria, Mr. Tunji Osinulu; Deputy CEO, Mixta Africa, Mr. Daniel Font; Creative Director, BAP Productions, Mrs. Bolanle Austen-Peters and MD, Mixta Nigeria, Mr. Kola Ashiru-Balogun at the briefing. 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